Unitedhealth (UNH) Operating Margin (2009 - 2026)

Unitedhealth (UNH) has 18 years of Operating Margin data on file, last reported at 8.05% in Q1 2026.

• On a quarterly basis, Operating Margin fell 28.0% year-over-year to 8.05% in Q1 2026; TTM through Mar 2026 was 4.43%, a 333.0% decrease from a year earlier, with the FY2025 full-year figure at 4.24%, down 383.0% from the prior year.
• Operating Margin for Q1 2026 stood at 8.05%, up from 0.34% in the prior quarter.
• Over the last five years, Operating Margin for UNH reached as high as 11.79% in Q3 2023 and fell as low as 0.34% in Q4 2025.
• Historically, Operating Margin has averaged 7.89% across 5 years, with a median of 8.67% in 2022.
• Across the five-year window, Operating Margin surged 367 bps in 2022 and tumbled 640 bps in 2025, its largest moves.
• Year by year, Operating Margin stood at 8.32% in 2022, then tumbled by 40 bps to 4.99% in 2023, then slipped by 7 bps to 4.63% in 2024, then sank by 93 bps to 0.34% in 2025, then jumped by 2297 bps to 8.05% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 8.05% in Q1 2026, 0.34% in Q4 2025, and 4.85% in Q3 2025.